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What price per ticket must be charged in order to break even

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Question - The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person) $15 Favors and program (per person) $7 Band $2,000 Rental of ballroom $1,250 Professional entertainment during intermission $2,000 Tickets and advertising $600

The committee members would like to charge $61 per person for the evening's activities.

Required -

1. Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend).

2. Assume that last year only 250 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to 2 decimal places.)

Reference no: EM132448673

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